When a patent or trademark is acquired in a business combination, what does IAS 38 say about
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Question:
A)If they had not been previously recorded as separate assets by the acquired company, they should always be recorded as “Goodwill” on the balance sheet of the company acquiring them.
B)The cost of the intangibles should be expensed by the acquiring company on the merger date.
C)They should be recorded as separate intangible assets only if their useful life is indefinite.
D) They should be recorded as separate intangible assets if their fair value can be reliably measured.
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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